Who can see your credit score?

[BrilloPad]

Guess who

The agency adds that its clients are required to sign a contract stipulating that they “should ensure searches are carried out in accordance with our terms and conditions and the Data Protection Act”. It added that it did “regular spot checks on the information accessed by its customers” and “takes the security of its data and how it can be accessed very seriously”. Equifax says it has “taken action against customers that have not adhered to the rules of data access and supply. It cannot confirm exact numbers because this is commercially sensitive information”.

So thats okay then?

Maybe they should be banned from giving about personal information without that person's permission.

[barrydidit]

Crucially, the agencies say that none of their clients can search their databases for information about an individual unless that person gives their permission on each occasion. Individuals are typically deemed to have given their consent for such searches when they apply for products from banks and other firms.

Well.....almost.

The first sentence is true, but it's an undertaking that anyone given access to this information will have captured a customers permission to credit check them. 'Permission' isn't passed to CRA's as part of a call for information.

The second sentence is bullmud. Consent must be given, it isn't 'deemed' by applying - the customer made aware and their agreement captured. Financial services co's are tulip scared of the FSA in this regard.

From what I understand, it's these fcukers people should be worried about. They can tell FS clients exactly where you're spending your cash. Not that I know anyone who is using this stuff, but I think it's quite common in the US. It has been mentioned at clientco, but the ethical problem of using it seems to have trumped any progress to date.

Of note, through the Yodlee platform, all transactional data is put through a proprietary 12-step process to enhance and enrich the data with merchant identification, categorization, and geo-tagging, while scrubbing data for accuracy and risk decisioning.